What is the percentage of ecommerce in India?

But ecommerce is still a small fraction of total retail sales in India. This year, it will amount to just 7.8% of the total $1.072 trillion. This share is much lower than in China (46.3%), South Korea (32.2%), or Indonesia (20.2 %).

How many people are using e-commerce in India?

about 636.77 million
India has an Internet user base of about 636.77 million as of May 2020, about 40% of the population.

What is the current status of e-commerce in India?

India’s internet economy is expected to double from US$125 billion as of April 2017 to US$ 250 billion by 2020, majorly backed by ecommerce. India’s E-commerce revenue is expected to jump from US$ 39 billion in 2017 to US$ 120 billion in 2020, growing at an annual rate of 51 per cent, the highest in the world.

How big is the ecommerce industry in India?

The Indian E-commerce market is expected to grow to US$ 188 billion by 2025 from US$ 46.2 billion as of 2020. By 2030, it is expected to reach US$ 350 billion. In 2022, the Indian e-commerce market is predicted to increase by 21.5%, reaching US$ 74.8 billion.

Which is the largest e-commerce company in India?

Amazon.in
Amazon.in is leading the Indian e-commerce market, with e-commerce net sales of US$ 1,082 million in 2020 generated in India, followed by Ajio.com with US$ 983 million. Third place is taken by Bigbasket.com with revenues of US$ 929 million.

How is e-commerce industry growing in India?

The Indian e-commerce industry has been on an upward growth trajectory. After a surge in digital adoption during COVID-19, the Indian e-commerce market is estimated to be worth over $55 Bn in Gross Merchandise Value in 2021. By 2030, it is expected to have an annual gross merchandise value of $350 bn.

Who started e-commerce in India?

Ahead of time: Meet the man who started India’s first e-commerce site in the 90s. K Vaitheeswaran started India’s first e-commerce website Fabmart.com back in 1999. Before there was Flipkart, Myntra, and Snapdeal, there was Fabmart. Before the Bansals, there was K Vaitheeswaran.

Is India ready for eCommerce?

India is not only ready for e-commerce; e-commerce has already become quite popular in India too. There are many reasons which make India a suitable market for e-commerce.

Which is the biggest e-commerce company in India?

Who is the father of e-commerce?

K. Vaitheeswaran is the author of the recently released book “Failing to Succeed – the story of India’s first e-commerce company” and is widely hailed as the ‘father of e-commerce in India’. He co-founded India’s first e-commerce company Fabmart.com (later rebranded Indiaplaza.com) in 1999.

Who is father of commerce in India?

Expert-verified answer Reason: He is the god of the sea and used it for trading. Trading is significant to commerce and so he is regarded as the father of commerce. Indian Commerce: K Vaitheeswaran is the father of Indian e-commerce.

Which website is known as India first eCommerce?

Fabmart.com
K. Vaitheeswaran, widely hailed as the ‘father of e-commerce in India’, co-founded India’s first e-commerce company Fabmart.com (later rebranded Indiaplaza.com) in 1999. In 2001, he co-founded the Fabmall supermarket chain which was subsequently acquired by the Aditya Birla Group and re-branded ‘More’.